By Matthew Cunningham-Cook, The Lever
Amazon, the $1.25 trillion company founded and led by Washington Post owner Jeff Bezos, has announced that it is acquiring One Medical, a private equity-backed primary care provider that generates over half of its revenue from Medicare.

While Amazon’s profits from its core consumer retail business are dwindling, in part because of heightened competition from brick-and-mortar retailers that were shut down at the beginning of the COVID-19 pandemic, the corporation’s cloud computing division, Amazon Web Services, continues to enjoy robust profits thanks in part to generous government contracts. Now Amazon could be attempting to build on that federal largesse by seeking to milk revenue from Medicare, the national health insurance program for seniors and people with disabilities.
Amazon, which has broad market power, reach, and influence, could use its new platform to advance the cause of Medicare privatization at a much more aggressive pace. The consequences wouldn’t just mean more taxpayer dollars funneled to the mega-corporation, but also Medicare recipients facing a health care system with ever more resources being allocated to profit instead of care.
Recent Posts
Starbucks Workers Build Steam
March 25, 2023
Take Action Now Since last fall, the union effort has increased its capacity to exert pressure on the corporate mega-giant—including in a March 22…
Banking Crisis 3.0: Time To Change The Rules Of The Game
March 24, 2023
Take Action Now What constituted a radical departure from capitalist principles in the last financial crisis was not “nationalization” but an…
Behind The #StopCopCity Domestic Terrorism Warrants
March 24, 2023
Take Action Now “Most of the criminal defense lawyers I have spoken with are indicating that there is no individualized suspicion in any of these…
Here’s How The US Could Phase Out Fossil Fuels Fast
March 24, 2023
Take Action Now A new report lists 10 policies to constrain polluting infrastructure and achieve key climate goals. By Joseph Winters, Grist On…